IMAGINE COMMUNICATIONS (FRANCE) SAS : revenue, balance sheet and financial ratios

IMAGINE COMMUNICATIONS (FRANCE) SAS is a French company founded 13 years ago, specialized in the sector Commerce de détail de matériels audio et vidéo en magasin spécialisé. Based in ISSY-LES-MOULINEAUX (92130), this company of category PME shows in 2023 a revenue of 2.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - IMAGINE COMMUNICATIONS (FRANCE) SAS (SIREN 790826598)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 351 081 € 2 792 099 € 2 651 299 € 1 958 655 € 2 197 251 € 1 649 286 € 2 607 541 € 3 497 474 €
Net income -1 020 757 € -185 878 € -92 947 € -148 691 € -63 644 € 53 358 € -47 874 € -72 505 €
EBITDA -827 395 € 166 308 € 151 622 € 179 766 € 146 672 € 67 297 € 133 788 € 195 155 €
Net margin -43.4% -6.7% -3.5% -7.6% -2.9% 3.2% -1.8% -2.1%

Revenue and income statement

In 2023, IMAGINE COMMUNICATIONS (FRANCE) SAS achieves revenue of 2.4 M€. Revenue is declining over the period 2016-2023 (CAGR: -5.5%). Significant drop of -16% vs 2022. After deducting consumption (0 €), gross margin stands at 2.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -827 k€, representing -35.2% of revenue. Warning negative scissor effect: despite revenue change (-16%), EBITDA varies by -598%, reducing margin by 41.1 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.0 M€ (-43.4% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 351 081 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 351 081 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-827 395 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-785 621 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-1 020 757 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-35.2%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at -459%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -9%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-458.871%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

-8.59%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-43.174%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-3.229

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

15.8%

Solvency indicators evolution
IMAGINE COMMUNICATIONS (FRANCE) SAS

Sector positioning

Debt ratio
-458.87 2023
2021
2022
2023
Q1: 2.19
Med: 25.12
Q3: 94.36
Excellent -61 pts over 3 years

In 2023, the debt ratio of IMAGINE COMMUNICATIONS (F... (-458.87) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-8.59% 2023
2021
2022
2023
Q1: 14.14%
Med: 34.31%
Q3: 59.3%
Watch

In 2023, the financial autonomy of IMAGINE COMMUNICATIONS (F... (-8.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-3.23 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.02 years
Q3: 1.87 years
Excellent +10 pts over 3 years

In 2023, the repayment capacity of IMAGINE COMMUNICATIONS (F... (-3.23) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 144.66. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

144.663

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-28.327

Liquidity indicators evolution
IMAGINE COMMUNICATIONS (FRANCE) SAS

Sector positioning

Liquidity ratio
144.66 2023
2021
2022
2023
Q1: 138.72
Med: 218.73
Q3: 303.79
Average -18 pts over 3 years

In 2023, the liquidity ratio of IMAGINE COMMUNICATIONS (F... (144.66) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-28.33x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 2.47x
Watch -74 pts over 3 years

In 2023, the interest coverage of IMAGINE COMMUNICATIONS (F... (-28.3x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1015 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 451 days. The gap of 564 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 702 days of revenue, i.e. 4.6 M€ to permanently finance. Over 2016-2023, WCR increased by +59%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

4 584 702 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

1015 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

451 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

702 j

WCR and payment terms evolution
IMAGINE COMMUNICATIONS (FRANCE) SAS

Positioning of IMAGINE COMMUNICATIONS (FRANCE) SAS in its sector

Comparison with sector Commerce de détail de matériels audio et vidéo en magasin spécialisé

Valuation estimate

Based on 109 transactions of similar company sales (all years), the value of IMAGINE COMMUNICATIONS (FRANCE) SAS is estimated at 394 680 € (range 202 939€ - 693 634€). The price/revenue ratio is 0.17x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2023
109 transactions
202k€ 394k€ 693k€
394 680 € Range: 202 939€ - 693 634€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
2 351 081 € × 0.17x = 394 680 €
Range: 202 939€ - 693 635€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 109 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Commerce de détail de matériels audio et vidéo en magasin spécialisé)

Compare IMAGINE COMMUNICATIONS (FRANCE) SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de détail de matériels audio et vidéo en magasin spécialisé

Frequently asked questions about IMAGINE COMMUNICATIONS (FRANCE) SAS

What is the revenue of IMAGINE COMMUNICATIONS (FRANCE) SAS ?

The revenue of IMAGINE COMMUNICATIONS (FRANCE) SAS in 2023 is 2.4 M€.

Is IMAGINE COMMUNICATIONS (FRANCE) SAS profitable?

IMAGINE COMMUNICATIONS (FRANCE) SAS recorded a net loss in 2023.

Where is the headquarters of IMAGINE COMMUNICATIONS (FRANCE) SAS ?

The headquarters of IMAGINE COMMUNICATIONS (FRANCE) SAS is located in ISSY-LES-MOULINEAUX (92130), in the department Hauts-de-Seine.

Where to find the tax return of IMAGINE COMMUNICATIONS (FRANCE) SAS ?

The tax return of IMAGINE COMMUNICATIONS (FRANCE) SAS is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does IMAGINE COMMUNICATIONS (FRANCE) SAS operate?

IMAGINE COMMUNICATIONS (FRANCE) SAS operates in the sector Commerce de détail de matériels audio et vidéo en magasin spécialisé (NAF code 47.43Z). See the 'Sector positioning' section above to compare the company with its competitors.